Direxion originally filed to launch its Bitcoin Strategy Bear ETF in October but withdrew the application AXS Investments’ Short Bitcoin Strategy fund would be the firm’s third ETF in the US After…
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In a recent development, asset manager Bitwise has withdrawn its application to transform its existing Bitcoin futures ETF (Bitwise Bitcoin Strategy Optimum Roll ETF) to one that invests in both Bitcoin and Ethereum futures contracts. This has raised speculations about the reason for this decision and what it means for…
GameStop’s Bitcoin Purchase & ETF Launch Revealed GameStop, an American retail company that primarily sells video games, gaming consoles and related merchandise, released their 2024 revenue report which states that the platform has recently acquired 4,710 Bitcoins, surpassing $500 million in value. This purchase was made by selling convertible bonds…
On July 23, Hong Kong will launch Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK). This new exchange-traded fund (ETF) by China Southern Asset Management Co., Ltd (CSOP) is designed to provide investors with an opportunity to profit from declines in Bitcoin’s price.…